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Indian SC issues showcause notice on central, Meghalaya governments

2007-06-20 00:00:00

FE Report The Supreme Court of India Monday issued a notice to the Meghalaya government and the central government to show cause why the Lafarge Surma Cement cannot transport lime stones for its project in Bangladesh, but did not put...

DSE indices gain, turnover declines

2007-06-20 00:00:00

FE Report The indices on the Dhaka Stock Exchange (DSE) Tuesday gained but the turnover marginally declined.The turnover declined to Tk 1.494 billion from Tk 1.532 billion on the previous day.Market sources said the institutional investors are showing enthusiasm and...

BDR markets fresh vegetables in city from today

2007-06-20 00:00:00

Bangladesh Rifles (BDR) starts marketing fresh vegetables in the city today (Wednesday) through its 20 open markets set up as part of its ongoing efforts to stabilise the soaring prices of essentials, reports UNB.They will also distribute the vegetables, to...

DESA load-shedding schedule to be available on Teletalk

2007-06-20 00:00:00

Doulot Akter MalaThe power subscribers of the city will be able to know the load-shedding schedule of the Dhaka Electric Supply Authority (DESA) from June 22 next.Power and Energy Adviser Tapan Chowdhury will inaugurate the system on June 21 in...

Govt negotiating with WB for credit under new format

2007-06-20 00:00:00

The government is now negotiating with the World Bank (WB), which has declined further lending under the Development Support Credit (DSC), for its support to development activities under a new format, reports UNB."In future, probably there will be no (World...

Tk 1.28b Italian loan to rehabilitate Karnaphuly power plant's unit

2007-06-20 00:00:00

FE ReportThe Power Development Board (PDB) inked Monday a turnkey agreement involving over Tk 1.28 billion (128 crore) with Italian Vatech Sadelmi consortium on rehabilitation of the unit-3 of the Karnaphuly Hydro-electric Plant.The Italian government will provide the loan without...

27 LDP leaders demand expulsion of Col Oli

2007-06-20 00:00:00

Twenty-seven national executive committee members of Liberal Democratic Party (LDP) have demanded expulsion of executive president Col (retd) Oli Ahmed and Shahadat Hossain Selim, reports UNB.In a joint statement on Tuesday they said Oli had on his own prepared constitution...

Call rate, dollar drop

2007-06-20 00:00:00

FE ReportThe inter-bank call money rate fell slightly Tuesday despite withdrawal of cash through reverse repurchase agreement (repo) and Bangladesh Bank bills, fund managers said. The rate moved between 6.50 per cent and 10.00 per cent against the previous day's...

Move to import power from Myanmar

2007-06-20 00:00:00

An official team will visit Myanmar next month to explore scope for power import, Foreign Affairs Adviser Iftekhar Ahmed Chowdhury said Tuesday. The delegation will also discuss with the neighbouring country's official investment in agriculture, the adviser told reporters after...

Probe bodies' reports on Ctg landslide likely by Saturday

2007-06-20 00:00:00

CHITTAGONG, June 19: Two separate inquiry committees probing the devastating June 11 landslide and collapse of Bangladesh Railway walls in Pahartali in the port city are likely to submit their reports by Saturday next. "We are now preparing the reports...

Flood-hit Bangladeshis in Oman to get gratis passports

2007-06-20 00:00:00

The government has decided to give passports free of costs to the Bangladeshi workers affected by recent floods in Oman. Country's embassy over there will identify the affected workers and their family members who lost their passports during the calamity,...

Levelling the playing field for local gas companies

2007-06-20 00:00:00

LOCALLY-owned business of any description can ask for, and should get the privilege of, a level playing field if its rival establishment of foreign origin operating in the country in the same or an identical sphere gets additional official benefits...

Housing and construction sector in deep throes

2007-06-20 00:00:00

Enayet RasulTHE real estate sector has been growing fast in the present decade. The boom in the housing sector can be traced back to the past decade. But its real boom time was between 2001-2005 when it surpassed other emerging...

Proposed tariffs call for rationalisation

2007-06-20 00:00:00

Abu TaherIT is projected that the tariffs across the board on imported commodities -- raw materials and intermediate products -- would rise notably if the next year's budget is adopted in its present form without amendments. The rate of tariff...

Salman Rushdie knighted

2007-06-20 00:00:00

Fazle Rashid writes from New York CONTROVERSIAL but widely read author Salman Rushdie has been knighted by the British government in an annual ritual marking the birthday day of the Queen. Rushdie, the celebrated author, was born in India and...

Supply of hilsha fish

2007-06-20 00:00:00

FEW years back, the supply of the hilsha fish was scarce in the market due to indiscriminate catching of its fries. Following some protective measures during its breeding season in the last two years, the supply of the fish has...

Road digging

2007-06-20 00:00:00

THE rainy season is here and the digging of city roads has, as usual, started. When we, the city dwellers, are already in troubles due to excessive rains and water loggings, the city authorities have thrown us into further problem...

Bush faces crises from Palestine to Pakistan

2007-06-20 00:00:00

Jim Lobe from WashingtonFour years after the emergence of the first signs of a serious insurgency in Iraq, U.S. President George W. Bush finds himself beset with major crises stretching from Palestine to Pakistan. With U.S.-backed Fatah forces routed by...

Caught in trafficking

2007-06-20 00:00:00

David Phinney from WashingtonTrained as an air conditioning repairman and technician, Ramil Autencio says his recruiter in the Philippines agreed to place him in a two-year job at the Crown Plaza Hotel in Kuwait for 450 dollars a month --...

When Guantanamo is safer than home

2007-06-20 00:00:00

Khody Akhavi from WashingtonAbdul Ra'ouf Omar Mohammad Abu Al-Qassim has been held without charge at the U.S. detention facility in Guantanamo Bay for more than five years. During that time, the Libyan national faced false and unsubstantiated charges linking him...

Death threat to Thaksin thickens political plot

2007-06-20 00:00:00

Marwaan Macan-Markar from BangkokA chat room on a popular Thai-language website is drawing visitors over a troubling question: Will ousted prime minister Thaksin Shinawatra be assassinated when he returns home? ''I am concerned about Thaksin's security,'' writes one visitor to...

China to help push forward Doha round talks

2007-06-20 00:00:00

BEIJING, June 19 (Agencies): China will continue to help push forward the Doha round trade talks and work to safeguard the multilateral trade system, Minister of Finance Jin Renqing said here yesterday. In talks with visiting World Trade Organisation (WTO)...

Mumbai enters world's top-ten financial flow league

2007-06-20 00:00:00

MUMBAI, June 19 (PTI): Driven by high trading volumes for equities and good presence of global banking and financial services firms, Mumbai has grabbed a place in the world's top ten financial flow hubs list, beating Hong Kong and Beijing...

New IMF reform tackles currency manipulation

2007-06-20 00:00:00

WASHINGTON, June 19 (AFP): The International Monetary Fund (IMF) has launched a new surveillance system on exchange-rate policies aimed at preventing a country from jeopardising the health of the global economy. The IMF said the major reform updates a 30-year-old...

German coalition fails to agree on nat'l minimum wage

2007-06-20 00:00:00

BERLIN, June 19 (AFP): Germany's ruling coalition parties failed to agree on introducing a national minimum wage after seven hours of talks that ended early today. "There will not be an overall minimum wage," said Volker Kauder, head of the...

Brazil economy in best shape

2007-06-20 00:00:00

RIO DE JANEIRO, June 19 (Xinhua): Brazil's economy is in its best shape since the country became a republic in 1889, Brazilian President Luiz Inacio Lula da Silva said yesterday. In his weekly radio programme, Lula said he "had no...

WB directors to interview Zoellick

2007-06-20 00:00:00

WASHINGTON, June 19 (AFP): The World Bank's executive directors yesterday invited former US trade chief Robert Zoellick, the sole candidate to head the poverty-fighting institution, for an interview Wednesday. US President George W Bush last month picked Zoellick, 53, a...

Japan, Brunei sign free trade agreement

2007-06-20 00:00:00

TOKYO, June 19 (Xinhua): Japan and Brunei here yesterday signed a free trade agreement (FTA), which was viewed as a new step in Japan's plan to secure stable energy supply. The FTA was signed by Japanese Prime Minister Shinzo Abe...

Britain urges making arms treaty a priority

2007-06-20 00:00:00

LONDON, June 19 (AFP): Britain's International Development Secretary Hilary Benn today called on world leaders to make a priorty the concluding of a treaty regulating the trade of weapons. Writing a comment piece in The Guardian daily, Benn said that...

Sino-Turkish trade growth shows huge potential

2007-06-20 00:00:00

ANKARA, June 19 (CEIS): Visiting Chinese Minister of Commerce Bo Xilai said here yesterday that Sino-Turkish trade growth in recent years shows that the two countries have a huge potential to enhance bilateral economic cooperation. Bo made the remark during...